Shanghai Daoqin Plastics Co., Ltd.

        2019 year 8 month 5 day, 人民币离岸 in rate di di 破7, this is year 首次破7, strong/high and in trade 战 不确定 property again degree rise grade, make non 美货币贬 value, China 经济放缓 and USA full trade 战威胁, outer for China market 风险偏 good 悄然发生变化.

         from year Imported amount comparison 看, 随 国 inner production capacity fast speed expand 张, inner supply amount 逐渐走 high, 同质化 product competition add 剧, high material still Imported. gas revolutionary rear, in 东 区凭借廉价丰富 乙烷资源, large expand large ethylene production capacity, low cost 资源逐渐倾销至国 inner, polyethylene (PE) Imported degree still in 50% upper lower. polypropylene (PP) inner expand can relatively more, pressure separation Imported 份额, Imported degree drop 至20% below/following, Imported in separation high add value material, inner market 话语权 relatively heavy. meanwhile inner production capacity expand large, polyolefin product already 经出现 structure property phenomenon, market competition day 趋激烈. PE Imported amount specific gravity relatively large is market 库存迟迟 difficult 以消化 causes 之一, comparison 1-6 month Imported amount and Imported 均价发现 cost low inner price water 平, more 数资源 already front factory, 挤占部 separation Domestic market 份额.

         in recent years polypropylene (PP) market 供 于求 矛盾愈发 obvious, add 之近期 market market trends soft, in 人民币贬 value lower, enterprise for Imported 资源 购买 force versus decline. for/regarding in large product polyolefin belongs to Imported degree relatively high 一份子, 人民币贬 value will add large Imported enterprise procurement cost, meanwhile 也刺激 lower products export. for/regarding market, 人民币贬 value China Imported more is 昂贵, from made 石油消费, market supply and demand 矛盾忧虑 again degree add 剧. 总体而言, 人民币 fast speed value 令油价雪 upper add 霜, rear low landscape 延续.

         value attention/notes is, in trade 战 不断 rise grade, market 信心指数严 heavy loss. PMI指数 already 经连续两 month in separation below/following, this table/sheet currently lower pressure small 觑. new mono 指数连续两 month in decline, is in separation below/following, this 也说明 enterprise overall mono 情况不 good, especially new export mono is obvious lower slip, upper semi year export mono export effect/influence 出现反 elastic, lower semi year export 会出现回落. external ring 境导致 outer lower slip, and it to 整 经济 growth belt/tape pressure, is low 估.

         lower plastics products processing belongs to 劳动密集 type industry, export 额占国 inner export specific gravity relatively large, 人民币汇 rate upper rise, more plastics lower products industry export, for plastics demand has more 指引, outer price fall and inner market versus for strong/high 势, inner outer 盘价差 has can can from 倒挂演变 is positive 挂.

        8 month lower enterprise will 进入旺季 front in stage/phase, day low in stock price add environmental protection effect/influence, lower processing enterprise 采取随 use rigid property demand, futures market 未出现 obvious 企稳反 elastic 迹象, currently low 端资源持续 impact market, plastics processing enterprise 备货意 toward 不佳, difficult 以提振 in stock.

        总体 看, 人民币因 market force amount value, currently lower 行 形势 obvious, and policy 捉襟见肘, market 化 汇 rate value upper export, in in trade scratch 愈演愈烈, short understanding lower, export enterprise difficult 以独善 its 身. rear plastics market Imported amount low and demand 进入季节 property 旺季 支撑, in 石化检修操 as force degree add large lower, market 存止跌动 force, new plant/unit upper in 即, market trends 缺乏利 good 预期, need 关注, 一旦油价继续 toward lower 拓展空间, polypropylene (PP) will fast speed 跟进.